Investors Bancorp CEO Sells $203,942 in Stock (ISBC)
Investors Bancorp (NASDAQ:ISBC) CEO Kevin Cummings sold 8,004 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $25.48, for a total value of $203,941.92. Following the transaction, the chief executive officer now directly owns 497,852 shares in the company, valued at approximately $12,685,269. The transaction was disclosed in a document filed with the SEC, which is available at this link.
ISBC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Investors Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, December 30th. They now have a $27.40 price target on the stock. Separately, analysts at FIG Partners initiated coverage on shares of Investors Bancorp in a research note to investors on Friday, November 29th. They set a “market perform” rating and a $25.75 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Investors Bancorp from $24.00 to $26.00 in a research note to investors on Tuesday, October 29th. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $24.16.
Shares of Investors Bancorp (NASDAQ:ISBC) traded down 0.47% on Friday, hitting $25.36. The stock had a trading volume of 385,398 shares. Investors Bancorp has a 52-week low of $17.36 and a 52-week high of $26.12. The stock has a 50-day moving average of $25.0 and a 200-day moving average of $23.07. The company has a market cap of $2.737 billion and a P/E ratio of 26.00.
Investors Bancorp, Inc is a holding company for Investors Bank (NASDAQ:ISBC).
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